Ionik Balance Sheet Health
Financial Health criteria checks 2/6
Ionik has a total shareholder equity of $-3.6M and total debt of $123.3M, which brings its debt-to-equity ratio to -3468.1%. Its total assets and total liabilities are $205.1M and $208.6M respectively. Ionik's EBIT is $2.4M making its interest coverage ratio 0.2. It has cash and short-term investments of $15.3M.
Key information
-3,468.1%
Debt to equity ratio
US$123.29m
Debt
| Interest coverage ratio | 0.2x |
| Cash | US$15.33m |
| Equity | -US$3.55m |
| Total liabilities | US$208.64m |
| Total assets | US$205.08m |
Recent financial health updates
No updates
Recent updates
PopReach Corporation (CVE:INIK) Stock's 28% Dive Might Signal An Opportunity But It Requires Some Scrutiny
Nov 12
PopReach Corporation (CVE:INIK) Shares Could Be 41% Below Their Intrinsic Value Estimate
Oct 31PopReach Corporation (CVE:INIK) Soars 33% But It's A Story Of Risk Vs Reward
Sep 05Positive Sentiment Still Eludes PopReach Corporation (CVE:INIK) Following 39% Share Price Slump
Apr 26Investors Aren't Entirely Convinced By PopReach Corporation's (CVE:INIK) Revenues
Feb 27Financial Position Analysis
Short Term Liabilities: INIK has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: INIK has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: INIK has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: INIK's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable INIK has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: INIK is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 40.4% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/02 04:49 |
| End of Day Share Price | 2025/01/02 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Ionik Corporation is covered by 3 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Gabriel Leung | Beacon Securities Limited |
| Aravinda Galappatthige | Canaccord Genuity |
| Adhir Kadve | Eight Capital |